Oil markets are grappling with uncertainty over how long it will take Saudi Arabia to restore output after the devastating attacks that knocked out five percent of global crude supply.
Source: OffshoreOil Market Gripped by Uncertainty
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Saudi Arabia’s Abqaiq plant has restarted and is now processing about 2 million barrels a day, restoring just under half the output lost after the facility was damaged in an attack.
Source: OffshoreSaudi Arabia Partially Restores Output
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Oil posted its biggest ever intraday jump to more than $71 a barrel after a strike on a Saudi Arabian oil facility removed about five percent of global supplies.
Source: OffshoreOil Jumps Most on Record After Attack
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